Category: Cryptocurrency

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SINGAPORE, Nov. 6, 2024 /PRNewswire/ — Amber Group, a leading global digital asset company, today announced a strategic partnership with Lukka, a premier provider of comprehensive data solutions for the crypto asset industry. Through this partnership, Amber Group has integrated Lukka Insights into its data infrastructure, providing clients with more precise and actionable intelligence across a diverse range of digital asset markets.

By integrating Lukka Insights, Amber Group gains access to an expansive dataset that covers millions of crypto assets, derivatives, and over 2,500 trading venues. This integration enables a multi-dimensional view of the market, supporting more efficient investment strategies, improved risk management, and streamlined regulatory compliance.

Thomas Zhu, Co-founder and CTO of Amber Group, commented: “Partnering with Lukka is a further step in our mission to provide our clients with the most accurate, transparent, and reliable data in the digital asset space. As the crypto market continues to evolve, having access to high-quality data is crucial for making informed decisions and managing risks effectively. With Lukka Insights, we are able to further refine our data infrastructure, enabling us to continue leading the way in offering innovative and secure solutions for our clients.”

Dan Huscher, Chief Data Products Officer, added: “We are pleased to announce our collaboration with Amber Group, an influential force in the crypto market. By optimizing our Lukka Insights platform, Amber Group will be able to systematize and integrate their data from a spectrum of sources, delivering a comprehensive overview to support both internal assessments and regulatory compliance.”

As the crypto asset industry matures, the need for robust data governance and regulatory compliance has become paramount for institutional players. Amber Group’s selection and continued use of Lukka solutions demonstrates the firm’s proactive approach to adopting best-in-class data solutions, solidifying its position as a trusted and responsible leader in the digital asset space.

About Amber Group

Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, the company has built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, the firm leverages AI, blockchain and quantitative research to deliver personalized and innovative solutions to help its global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions.

About Lukka

Founded in 2014, Lukka serves the most risk-mature businesses in the world with institutional data and software solutions. As a global company, headquartered in the United States, Lukka bridges the gap between the complexities of blockchain data in a global crypto ecosystem with traditional business and reporting needs. All of Lukka’s products are created with institutional standards, such as AICPA Service and Organization Controls (SOC), which focus on data quality, financial calculation accuracy & completeness, and managing technology operational risk. Lukka has obtained AICPA SOC 1 Type II and SOC 2 Type II Audits, an ISO/IEC-27001 certification, NIST Cybersecurity Assessment, and continues to lead the industry with best in class technology risk governance.

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SOURCE Amber Group

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The recent election victory of Donald Trump has ignited optimism within the cryptocurrency industry, setting the stage for what many experts are calling the “Golden Age of Crypto.” Matthew Hougan, CIO of Bitwise, outlined in a memo how Trump’s pro-crypto administration could reshape the regulatory landscape, providing a powerful boost to Bitcoin (BTC) and the broader digital asset market. This “Golden Age of Crypto” promises regulatory clarity and market expansion, fueled by Trump’s supportive stance on digital assets.

Bitcoin Surges as Investors Eye New Opportunities

Crypto markets reacted strongly to Trump’s electoral victory, with Bitcoin hitting an all-time high of $75,650. Trump’s pro-crypto stance and policy shift promise a favorable environment for digital assets, and this sentiment has spurred Bitcoin’s rally. As of press time, Bitcoin was trading at $75,300, reflecting a 7.69% increase over the past 24 hours.

Matthew Hougan highlighted how Trump’s victory has the potential to end years of regulatory obstacles, opening doors for digital currencies to flourish. With rising institutional interest and the upcoming 2024 Bitcoin halving event, Bitcoin is positioned for sustained growth under Trump’s leadership.

Regulatory Relief for the Crypto Industry

Under the previous administration, the U.S. Securities and Exchange Commission (SEC) pursued a stringent “regulation by enforcement” approach, targeting crypto firms with lawsuits and stifling the sector’s development. According to Hougan, this adversarial stance significantly hindered growth, limiting the potential of the entire crypto industry. The SEC’s combative approach drew criticism from industry leaders and even some commissioners, like Hester Peirce, who argued that the agency’s approach was a “disaster” for the crypto sector.

Trump’s win has sparked optimism for a regulatory shift, with new leadership at the SEC likely to adopt a more supportive stance toward digital assets. Hougan anticipates that a Trump-led administration will bring an end to restrictive practices, including policies like “Operation Choke Point 2.0,” which discouraged banks from engaging in crypto-related activities. With a regulatory reset, crypto companies could thrive without unnecessary restrictions, laying the groundwork for mainstream adoption.

Institutional Investment on the Rise

Institutional demand for crypto assets, particularly Bitcoin, has continued to grow despite previous regulatory constraints. Hougan pointed out that over $23 billion in inflows have entered Bitcoin exchange-traded funds (ETFs), signaling robust institutional interest. Large financial firms and hedge funds are beginning to view crypto as a valuable addition to their portfolios, which could accelerate with increased regulatory support.

Additionally, the April 2024 Bitcoin halving and growing real-world applications of digital assets—such as stablecoins and decentralized finance (DeFi)—are strengthening Bitcoin’s position as a valuable asset. In a macroeconomic environment characterized by rising U.S. debt and potential interest rate cuts, Bitcoin’s appeal as a “must-have” asset for inflation protection is even stronger.

A Disciplined Approach to Crypto Investments

While the “Golden Age of Crypto” presents tremendous opportunities, Hougan advised investors to approach the market with caution. Despite a more supportive regulatory environment, not all crypto projects are expected to thrive. As the industry matures, many projects could face challenges in proving their long-term value.

Hougan recommended that investors carefully evaluate projects, focusing on those with strong fundamentals and practical use cases. This disciplined approach could help investors capitalize on the most promising projects while avoiding those that may falter as competition intensifies.

The Golden Age of Crypto

The Trump administration’s favorable stance toward crypto marks a turning point for digital assets in the U.S. A more predictable regulatory environment could attract greater institutional interest and lead to broader mainstream acceptance. With reduced barriers, the crypto market could experience unprecedented growth, allowing innovative projects to flourish.

For early adopters and investors willing to navigate this evolving landscape, the outlook is optimistic. The “Golden Age of Crypto” may indeed offer a historic opportunity for growth and transformation in the digital asset space.

Conclusion

Trump’s victory has set the stage for a potential “Golden Age of Crypto” in the U.S., with Bitcoin and other digital assets primed for growth under a more supportive regulatory framework. As the crypto market prepares for a new era of innovation and adoption, investors and institutions alike stand to benefit from the opportunities ahead. With regulatory relief and strong fundamentals, the crypto industry’s future has never looked brighter.

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Bitcoin and cryptocurrency stocks surged following Donald Trump’s recent electoral victory, with bitcoin setting a new record high as investors eye Trump’s crypto-friendly stance. Trump’s shift from a crypto skeptic to a proponent has created significant waves, leading to massive gains across the cryptocurrency market. This article explores the Trump crypto impact on the market, spotlighting the unprecedented gains for bitcoin and other crypto-related assets.

Bitcoin Hits New High After Trump’s Win

Bitcoin, the world’s most prominent cryptocurrency, surged by nearly 8% in early trading, reaching an all-time high above $75,000. This leap in bitcoin’s price reflects investor optimism around Trump’s policy stance, as he vows to turn the U.S. into a global hub for cryptocurrencies. Alongside bitcoin’s rally, other cryptocurrencies also posted gains, with ether, the second-largest cryptocurrency, climbing 8%.

Trump’s Pro-Crypto Shift and Market Impact

Trump’s support for cryptocurrencies marks a significant policy shift from his previous skepticism. In recent months, he has pledged to make the U.S. “the crypto capital of the planet” and proposed creating a strategic bitcoin reserve. This pro-crypto stance has attracted widespread attention from both the financial sector and retail investors, driving up prices for several crypto assets.

Adding to this momentum, Trump’s campaign began accepting cryptocurrency donations, and he launched World Liberty Financial, a venture focused on crypto trading. These moves signal Trump’s serious commitment to fostering a favorable environment for digital assets, sparking a rally that has reinvigorated the crypto market.

Altcoins and Other Cryptocurrencies Surge

While bitcoin remains the market leader, altcoins also saw notable gains. Dogecoin, often touted by Tesla CEO Elon Musk (NASDAQ:TSLA), rose by as much as 18%. Dogecoin’s popularity, particularly among retail investors, continues to grow, especially with the support of influential figures like Musk. This rise in altcoins illustrates a broader trend of optimism across the cryptocurrency sector, as investors diversify their portfolios to capture gains from multiple digital assets.

Crypto Stocks See Massive Gains

The Trump crypto impact extended beyond digital currencies, with several crypto-related stocks outperforming the general market. Coinbase (NASDAQ:COIN), one of the largest cryptocurrency exchanges, jumped 17%, while Robinhood Markets (NASDAQ:HOOD), an online brokerage offering crypto trading, rose by 12%. MicroStrategy (NASDAQ:MSTR), a company known for its substantial bitcoin holdings, climbed by 10%. These gains underscore the ripple effect of Trump’s victory on the broader crypto ecosystem, which includes exchanges, trading platforms, and companies with direct exposure to bitcoin.

Trump’s Vision for a Crypto-Friendly America

Trump’s campaign has actively engaged the crypto community, courting support through events and policy announcements that signal a crypto-friendly future. At a bitcoin conference in July, he outlined plans to position the U.S. as a global crypto leader, focusing on reducing regulatory barriers and attracting investment into the digital asset sector. His proposal for a national bitcoin reserve reflects an ambition to secure the U.S. dollar’s dominance by integrating crypto into the national financial landscape.

While regulatory hurdles remain, Trump’s commitment to facilitating a supportive environment for cryptocurrencies has given investors confidence, translating into the recent market gains. His win has fueled expectations for lighter regulation, which could lead to increased institutional interest in digital assets, further boosting market growth.

Year-to-Date Gains and Future Outlook

Bitcoin has soared by 77% this year, signaling strong momentum in the crypto market driven by evolving political and economic dynamics. With Trump’s win adding a new layer of optimism, analysts expect the crypto sector to experience sustained growth as his policies unfold. Although market volatility remains a concern, the Trump crypto impact is likely to continue fueling investor interest and driving value across various crypto assets and stocks.

Conclusion

The Trump crypto impact has revitalized the cryptocurrency market, sending bitcoin and other digital assets to new heights. Trump’s commitment to transforming the U.S. into a crypto-friendly nation has ignited unprecedented investor enthusiasm, reflected in the surges across bitcoin, ether, and related stocks like Coinbase and MicroStrategy. With Trump’s vision promising to reshape the U.S. crypto landscape, this is an exciting moment for investors looking to capitalize on the future of digital finance.

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NEW DELHI, Nov. 6, 2024 /PRNewswire/ — In a world where financial systems are showing cracks—from limited access to exclusionary practices—a quiet revolution is brewing. Web3, with its promise of decentralization, offers more than just technological change; it offers a philosophical shift. But with opportunity comes complexity.

The rise of DeFi has unlocked new possibilities, yet many individuals and businesses struggle to navigate this evolving landscape securely and confidently.

Enter Triskel Wallet, a groundbreaking platform redefining financial tools. The Web3 superapp bridges traditional finance and the Web3 ecosystem, offering unprecedented asset control while ensuring security and compliance.

Beyond Traditional Finance

With just a few taps on a smartphone, investors can access prime real estate opportunities across the globe. No paperwork, no brokers, no hassle.

That’s the power of asset tokenization, and it’s just one of the ways Triskel is democratizing finance. As founder, Abel Benitez, explains, “Imagine owning a piece of global real estate without the paperwork, brokers, or middlemen—just a few clicks away on your phone.”

What was once exclusive to institutional investors, high-net-worth families, and patrimonial wealth is now accessible to everyday users. Triskel opens financial opportunities that were previously reserved for the few, democratizing access to investments and wealth-building tools through its innovative platform.

Your Keys Your Kingdom

Redefining Asset Control At its core, Triskel is a non-custodial wallet. This means users retain exclusive control of their private keys, eliminating the need for bank intermediaries. Users maintain complete autonomy over their assets as sole owners of their wealth.

Abel Benitez, the visionary behind Triskel, puts it perfectly: “Finance isn’t just about profit; it’s about freedom—freedom to control, build, and participate in wealth creation without borders or intermediaries.” This freedom to grow wealth and access previously unattainable opportunities defines true financial autonomy.

Security and Innovation Combined

Regarding security, Triskel has implemented robust measures. Advanced security protocols and regulatory compliance allow safe exploration of the DeFi world while keeping both individuals and businesses protected from legal pitfalls. The platform’s hybrid model offers the best of both worlds, enabling seamless management of both crypto and fiat assets.

Triskel emphasizes the importance of a collaborative economy, reflecting its commitment to shared value creation. As part of this effort, the platform has introduced the Real Referral Program (RRP), offering participants up to 50% of revenue. This initiative not only rewards community engagement but also aligns with Triskel’s vision of building an inclusive financial ecosystem where users benefit from collective growth.

The Future of Finance

As the lines between traditional and decentralized finance continue to blur, platforms like Triskel Wallet are leading the way. By offering security, compliance, and user control, Triskel ensures that individuals and businesses can confidently navigate both realms.

“We’re not just building a platform,” Benitez reflects. “We’re building the future. A future where trust, control, and opportunity are in the hands of everyone.”

About Triskel

Triskel Wallet is a decentralized, non-custodial super app that provides users with complete control over crypto assets. The platform bridges the gap between DeFi and traditional finance with USDT-backed Debit card.

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The cryptocurrency market has witnessed a significant surge with Bitcoin reaching unprecedented heights, trading at $73,000 ahead of major global elections. This remarkable rally is attributed to renewed investor interest in digital assets amidst geopolitical uncertainties.

Bitcoin’s recent price movement is not merely a result of speculative trading but is also driven by institutional investors flocking towards Bitcoin ETFs. With the advent of these exchange-traded funds, traditional investors find it easier to include Bitcoin in their portfolios without the complexities of dealing with cryptocurrency exchanges.

Furthermore, the rise in Bitcoin prices has been accompanied by increasing interest from retail investors, who see the digital currency as a hedge against inflation. This growing interest is reflected in the trading volumes across various cryptocurrency exchanges, which have hit new highs.

The approval of Bitcoin ETFs by financial regulators has played a pivotal role in legitimizing the cryptocurrency market. ETFs allow investors to gain exposure to Bitcoin without owning the digital asset directly, thus reducing the risks associated with digital wallets and cybersecurity threats.

Moreover, the current geopolitical climate has made Bitcoin an attractive asset for investors seeking stability. As traditional markets face volatility due to impending elections, many investors are turning to Bitcoin as a safe haven.

Cryptocurrency analysts believe that this upward trend could continue as more countries explore the possibility of adopting Bitcoin as a legal form of payment. This adoption could potentially lead to an increase in demand and consequently drive prices even higher.

Additionally, technological advancements within the blockchain space are expected to bolster Bitcoin’s position as a leading digital currency. Innovations such as the Lightning Network aim to enhance transaction speeds and reduce fees, making Bitcoin more accessible for everyday transactions.

Despite the optimism surrounding Bitcoin, investors are advised to exercise caution. The cryptocurrency market is highly volatile, and prices can fluctuate dramatically within short periods. As such, it is crucial for investors to stay informed and consider their risk tolerance before making investment decisions.

As Bitcoin continues to break new ground, it is clear that the cryptocurrency is more than just a passing trend. With increasing institutional backing and technological improvements, Bitcoin is well-positioned to cement its status in the global financial system.

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As the cryptocurrency market continues to evolve, Bitcoin remains at the forefront of investor interest, particularly with the burgeoning popularity of Bitcoin Exchange Traded Funds (ETFs). These investment vehicles offer a convenient way for investors to gain exposure to Bitcoin without directly purchasing the cryptocurrency itself. This has led to a significant influx of capital into Bitcoin ETFs, which, in turn, impacts the overall market dynamics.

One of the primary attractions of Bitcoin ETFs is their ability to provide institutional investors with a regulated and secure means of investing in the cryptocurrency space. This is crucial as many institutional investors are cautious about directly holding cryptocurrencies due to concerns about security, regulatory compliance, and the complexities involved in managing digital assets. By investing in Bitcoin ETFs, these investors can bypass some of these challenges while still participating in the potential upside of Bitcoin.

As investors load up on Bitcoin ETFs, several key price levels have emerged as critical points to watch. These levels can serve as indicators of market sentiment and potential future price movements. For instance, a significant resistance level for Bitcoin is around $30,000, a point that has historically seen considerable selling pressure. Conversely, a support level near $20,000 has often attracted buyers, stabilizing the price during downturns.

The impact of Bitcoin ETF investments is not only felt in the price action of Bitcoin itself but also in the broader cryptocurrency market. When Bitcoin experiences significant price movements, it often triggers similar reactions across other cryptocurrencies, given Bitcoin’s status as a market leader. This correlation underscores the importance of monitoring Bitcoin’s price levels, especially for those invested in the broader crypto ecosystem.

In addition to price levels, macroeconomic factors also play a crucial role in shaping the Bitcoin market. Interest rates, inflation, and monetary policy decisions can significantly influence investor sentiment towards risk assets like cryptocurrencies. For example, rising interest rates could lead to a shift away from speculative investments, including Bitcoin, as investors seek safer alternatives. Conversely, a dovish monetary policy stance might encourage more risk-taking, potentially boosting Bitcoin’s attractiveness.

Investors should also be aware of the regulatory landscape surrounding Bitcoin and other cryptocurrencies. Regulatory developments can have a profound impact on market dynamics, as seen in the past with announcements from major economies regarding their stance on cryptocurrency trading and investment. Staying informed about these developments is crucial for making informed investment decisions in the Bitcoin ETF space.

In conclusion, as Bitcoin ETFs continue to attract investor interest, understanding the key price levels and the broader market context is essential. Whether it’s institutional investors seeking exposure to Bitcoin or individual traders looking to capitalize on market movements, staying informed and vigilant is critical in navigating the ever-evolving cryptocurrency landscape.

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In recent months, Bitcoin has made headlines by outperforming the S&P 500, a key benchmark for U.S. equities. This trend reflects a shift in investor sentiment, driven by a combination of macroeconomic factors and technological advancements. The decentralized nature of Bitcoin, coupled with its inherent scarcity, has made it an attractive alternative to traditional assets, particularly in times of economic uncertainty.

One of the primary reasons for Bitcoin’s strong performance is its appeal as a hedge against inflation. As central banks around the world continue to implement expansive monetary policies, concerns about currency devaluation have risen. Bitcoin, with its fixed supply of 21 million coins, offers a stark contrast to fiat currencies that can be printed at will. This scarcity has bolstered investor confidence in Bitcoin as a store of value, akin to digital gold.

Furthermore, the increasing adoption of blockchain technology by financial institutions and corporations has lent credibility to Bitcoin and other cryptocurrencies. Major companies, such as Tesla and Square, have allocated a portion of their treasury reserves to Bitcoin, signaling their belief in its long-term potential. This institutional involvement has provided additional validation and stability to the cryptocurrency market.

Another factor contributing to Bitcoin’s recent outperformance is the burgeoning interest in decentralized finance (DeFi) platforms. These platforms, built on blockchain technology, offer innovative financial services without traditional intermediaries. The growth of DeFi has not only increased the utility of cryptocurrencies but also attracted more users and capital to the crypto ecosystem, indirectly benefiting Bitcoin.

Volatility remains a characteristic of Bitcoin, often deterring risk-averse investors. However, its historical performance demonstrates significant long-term gains, making it a compelling option for those willing to endure short-term fluctuations. In contrast, the S&P 500, while more stable, has experienced its own challenges, including market corrections and economic downturns.

Looking ahead, Bitcoin’s trajectory will likely be influenced by regulatory developments, technological advancements, and broader market dynamics. As governments and regulatory bodies grapple with the implications of digital currencies, the outcomes could either bolster or hinder Bitcoin’s growth. Nonetheless, the ongoing innovation within the cryptocurrency space and the increasing acceptance of Bitcoin as an asset class suggest a promising future.

In conclusion, Bitcoin’s recent outperformance of the S&P 500 highlights the evolving landscape of investment opportunities. As traditional and digital assets continue to coexist, investors are faced with the challenge of balancing risk and reward in an ever-changing economic environment.

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Bitcoin has been on a remarkable upward trajectory, reaching near $66,000, driven by increased institutional interest and widespread adoption. This surge has also positively impacted crypto-related stocks, with companies like Coinbase (NASDAQ:COIN) and MicroStrategy seeing notable gains. As the digital currency landscape evolves, traditional financial institutions are increasingly integrating cryptocurrencies into their offerings, further legitimizing the sector.

Coinbase, a leading cryptocurrency exchange platform, has experienced a significant stock price increase, reflecting the overall bullish sentiment in the crypto market. Similarly, MicroStrategy, known for its substantial Bitcoin holdings, has benefited from the rising Bitcoin prices, reinforcing its strategic investment decisions.

The increasing acceptance of Bitcoin and other cryptocurrencies by mainstream investors and companies is a testament to the growing confidence in digital assets. This shift is partly fueled by fears of inflation and a desire for assets that are not tied to traditional economic factors.

Moreover, the launch of Bitcoin ETFs has opened up new avenues for investors to gain exposure to cryptocurrencies without the need to directly purchase and manage digital coins. This development has further driven the demand and price of Bitcoin, as it becomes more accessible to a broader range of investors.

Despite the positive momentum, experts caution about the volatility inherent in the cryptocurrency market. While the potential for high returns is attractive, investors are advised to remain vigilant and consider the risks involved.

As regulatory frameworks continue to develop globally, the future of cryptocurrencies remains a topic of intense discussion among policymakers and industry leaders. The outcome of these discussions will likely play a crucial role in shaping the next phase of growth for Bitcoin and the broader crypto market.

In summary, the recent surge in Bitcoin’s value and the corresponding rise in crypto stocks highlight the dynamic and rapidly evolving nature of the cryptocurrency landscape. With increased participation from institutional investors and the introduction of innovative financial products, the sector is poised for continued growth, albeit with potential volatility.

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SINGAPORE, Nov. 5, 2024 /PRNewswire/ — HTX Ventures, the global investment division of HTX, today unveils its latest research on crypto and its impact on the much anticipated U.S. presidential election. This marks the first time that crypto has become a key issue in a U.S. election, and the report, titled 2024 U.S. Election For Crypto: A Potential Turning Point from Tight Regulation and Ban to Support and Innovation, aims to discuss the reasons behind it and analyze what crypto will potentially look like after the election.

Both presidential candidates, Donald Trump and Kamala Harris, have leveraged crypto in their campaigns to garner support from the crypto community. As the report suggests, there are four reasons that crypto has come to the center of the stage.

First of all, crypto is becoming more important to the U.S. On the one hand, no matter which candidate wins, the U.S. deficit and debt burdens are likely to go worse, and “as a decentralized and scarce asset, Bitcoin can serve as an effective tool for governments and investors to hedge against inflation and risk. In particular, it holds potential strategic significance in the face of debt and inflation pressures,” the report points out. On the other hand, stablecoins can help expand the international influence of the U.S. dollar. The growing significance leads to the second reason that the voters are more and more interested in crypto.

Thirdly, as the Biden administration implemented tight regulation on crypto, the industry now calls for a new regulatory framework which is more relaxed.

Lastly, crypto companies have become the main contributors to political donations in 2024. The report indicates that, “these funds not only influence presidential candidates’ policies but also push for congressional election strategies in favor of cryptocurrency. As a result, the crypto industry has moved from behind the scenes into the public eye, becoming a vital force in U.S. politics.”

The report then compared the two candidates’ crypto policies. Harris is expected to be more crypto-friendly than Biden. However, she has made limited statements on crypto policies, and is cautious on key issues like taxation, Bitcoin mining, and self-custody.

Trump, on the other hand, has shown strong interest in the digital asset industry, claiming that he aims to make the U.S. the “crypto capital of the planet and the Bitcoin superpower of the world”. He has proposed a series of crypto policy proposals, including creating a strategic Bitcoin stockpile, establishing a crypto Presidential Advisory Council, and barring the Federal Reserve from issuing a digital currency. The report anticipates that, should Trump win, there will be a clearer and more relaxed regulatory environment that benefits crypto startups and DeFi. Meanwhile, as Trump has promised to substantially lower U.S. interest rates if he is re-elected, the prices of crypto assets may be driven up thanks to increased liquidity.

The report also discusses the emergence of on-chain prediction markets. Compared to the centralized betting providers, they utilize smart contracts and decentralized ledgers to create transparent global markets, ensuring that these platforms are fair and tamper-proof.

Polymarket is the most successful platform in the sector, which secured 80% of the volume brought on by wagers on the U.S. presidential election. It has been adopted by multiple mainstream media outlets as an alternative news source. As a Web3 prediction market, Polymarket has surpassed its Web2 competitors and holds the largest market share, which is extremely rare. “Prediction markets’ impact has extended into various fields such as public opinion, financial hedging, and business decision-making,” the report states.

To read the full report, please visit: 2024 U.S. Election For Crypto: A Potential Turning Point from Tight Regulation and Ban to Support and Innovation

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at VC@htx-inc.com

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htx@ruderfinn.com 

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DUBAI, UAE, Nov. 2, 2024 /CNW/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.

Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.

“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.

KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/. 

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SOURCE KuCoin

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